FreightWatch: Thefts down, but values higher

The logistics security services firm FreightWatch International said in the first quarter of 2014 that it recorded a total of 206 full-truckload cargo theft incidents in the United States, with 82 thefts in January, 46 in February and 78 in March.
The average loss value per incident during the quarter was $207,982. Compared with Q1-13, these results represent a 4.9 percent decrease in volume, which, it said, was "well within the margin of incidents expected to filter in through the coming weeks. At the same time, there was a 38.5-percent increase in loss value, indicating the continued persistence and increasing sophistication of organized cargo criminals."